Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1

Given the following demand data, compute a simple

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period 1 Actual Demand 31 32 34 37 36 5 7 8 9 36 36 38 39 40 10 11 a = 0.1 a = 0.4 Period Forecast Forecast 1 2 31.00 31.00 3 31.10 4 31.39 5 6 7 8 9 10 11 12

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